Fractile, a London- and Bristol-based startup designing chips for AI inference, raised $720M at a $7B valuation in a Series C led by Thrive Capital, Founders Fund, Lightspeed, and Redpoint, according to Reuters. The company was worth roughly $1B in May, before Bloomberg reported an initial agreement to sell Anthropic about $250M of chips that neither company has confirmed. The UK government also invested through its Sovereign AI fund and the British Business Bank. Fractile puts ordinary DRAM right on top of its processors instead of using separate HBM memory, an approach that CEO Walter Goodwin claims has already pulled 20x higher speeds out of DRAM. Goodwin said the new funding will get the company to shipping its first chips and full systems in 2027.
